House Budget Chairman Paul Ryan is spearheading a Republican plan to avert Pentagon cuts by reforming domestic programs. Ryan tells House colleagues today, without correcting entitlement and social programs, those funds will become insolvent leading to massive emergency cuts. He says the poor and elderly will be the “first and the worst” to be hurt when the social safety net runs out of money.
The Janesville Republican says the GOP plan would stop the ineligible from bilking programs, eliminate government slush funds to stop bailouts, and cut duplicative spending.
Democrats would rather make the rich pay more in taxes, but Ryan says that would not address the real issue of massive spending.
Milwaukee Congresswoman Gwen Moore was among Democrats who bashed the bill. “You can’t just cut the social safety net and add billions of dollars of corporate welfare and say that’s a balanced equation.”
The military faces more than $500 billion budget cuts over the next decade.